Filing Flows › Applied Materials (AMAT) › Q2 FY26 › vs Q1 FY26
Applied Materials (AMAT) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Applied Materials's revenue rose $898M (+13%) from $7.0B in Q1 FY26 to $7.9B in Q2 FY26. Gross margin 49.9% against 49.0% (+0.9 pts).
Applied Materials, Q2 FY26: revenue $7.9B (+11% year over year), operating margin 31.9%, net earnings $2.8B, operating cash flow $845M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 49.9% | 49.0% | +0.9 pts |
| Operating margin | 31.9% | 26.1% | +5.8 pts |
| Net margin | 35.5% | 28.9% | +6.6 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $7.9B | $7.0B | $898M | +13% |
| Gross profit | $3.9B | $3.4B | $512M | +15% |
| Cost of revenue | $4.0B | $3.6B | $386M | +11% |
| Other income, net | $702M | $497M | $205M | +41% |
| Operating profit | $2.5B | $1.8B | $692M | +38% |
| Operating expenses | $1.4B | $1.6B | −$180M | -11% |
| Pre-tax earnings | $3.2B | $2.3B | $897M | +39% |
| Research & development | $1.0B | $928M | $99.0M | +11% |
| Sales & marketing | $233M | $222M | $11.0M | +5% |
| General & admin | $164M | $189M | −$25.0M | -13% |
| Net earnings | $2.8B | $2.0B | $780M | +38% |
| Income tax | $419M | $302M | $117M | +39% |
| Depreciation & amortization | $135M | $127M | $8.0M | +6% |
| Share-based compensation | $169M | $207M | −$38.0M | -18% |
| Working capital & other | $2.3B | $674M | $1.6B | +236% |
| Operating cash flow | $845M | $1.7B | −$841M | -50% |
Questions
How much did Applied Materials's revenue grow quarter over quarter in Q2 FY26?
Applied Materials's revenue rose $898M (+13%) from $7.0B in Q1 FY26 to $7.9B in Q2 FY26. Gross margin 49.9% against 49.0% (+0.9 pts).